The divestment comes after WiseTech appointed its founder Richard White as executive chairman last month, enabling the tycoon to take back control of the company four months after quitting as CEO following a series of damaging media reports.
WiseTech Global on Wednesday appointed its founder Richard White as executive chairman, enabling the tycoon to take back control of the Australian freight-software company four months after quitting as CEO.
The founder of WiseTech has stepped down from his role as CEO effective immediately as the company’s share price tanks.
Eighteen Australian companies have made Forbes Asia’s Best Under a Billion list, which highlights 200 Asia-Pacific public companies with less than $1 billion in revenue and consistent top-and-bottom-line growth.